Reported Earnings • May 16
Full year 2026 earnings released: EPS: ₹10.53 (vs ₹22.71 in FY 2025) Full year 2026 results: EPS: ₹10.53 (down from ₹22.71 in FY 2025). Revenue: ₹902.8m (down 55% from FY 2025). Net income: ₹134.1m (down 54% from FY 2025). Profit margin: 15% (in line with FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Announcement • May 07
Forbes & Company Limited to Report Q4, 2026 Results on May 14, 2026 Forbes & Company Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 14, 2026 New Risk • Feb 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹4.75b market cap, or US$51.8m). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: ₹3.29 (vs ₹7.46 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.29 (down from ₹7.46 in 3Q 2025). Revenue: ₹198.8m (down 51% from 3Q 2025). Net income: ₹41.9m (down 56% from 3Q 2025). Profit margin: 21% (down from 24% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 16% per year and the company’s share price has also fallen by 16% per year. Announcement • Jan 23
Forbes & Company Limited to Report Q3, 2026 Results on Jan 30, 2026 Forbes & Company Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Jan 30, 2026 Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹387, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 36x in the Consumer Durables industry in India. Total returns to shareholders of 84% over the past three years. Reported Earnings • Nov 08
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: ₹244.4m (down 30% from 2Q 2025). Net income: ₹63.3m (up 23% from 2Q 2025). Profit margin: 26% (up from 15% in 2Q 2025). Announcement • Oct 31
Forbes & Company Limited to Report Q2, 2026 Results on Nov 07, 2025 Forbes & Company Limited announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: ₹3.82 (vs ₹4.15 in 1Q 2025) First quarter 2026 results: EPS: ₹3.82 (down from ₹4.15 in 1Q 2025). Revenue: ₹273.7m (down 24% from 1Q 2025). Net income: ₹48.6m (down 8.0% from 1Q 2025). Profit margin: 18% (up from 15% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jul 31
Forbes & Company Limited to Report Q1, 2026 Results on Aug 06, 2025 Forbes & Company Limited announced that they will report Q1, 2026 results on Aug 06, 2025 Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹454, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 47x in the Consumer Durables industry in India. Total returns to shareholders of 259% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹444, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 50x in the Consumer Durables industry in India. Total returns to shareholders of 263% over the past three years. Reported Earnings • Jun 08
Full year 2025 earnings released: EPS: ₹22.71 (vs ₹15.22 in FY 2024) Full year 2025 results: EPS: ₹22.71 (up from ₹15.22 in FY 2024). Revenue: ₹1.99b (up 60% from FY 2024). Net income: ₹289.1m (up 49% from FY 2024). Profit margin: 14% (down from 16% in FY 2024). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jun 03
Forbes & Company Limited, Annual General Meeting, Jun 27, 2025 Forbes & Company Limited, Annual General Meeting, Jun 27, 2025, at 11:30 Indian Standard Time. New Risk • May 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹4.64b market cap, or US$54.8m). Announcement • Apr 24
Forbes & Company Limited to Report Q3, 2025 Results on Apr 30, 2025 Forbes & Company Limited announced that they will report Q3, 2025 results on Apr 30, 2025 Announcement • Apr 23
Forbes & Company Limited Announces Resignation of Sudhir Wakure as Whole-Time Director, Effective April 30, 2025 Forbes & Company Limited announced that Mr. Sudhir Wakure has resigned from the position of whole-time director (executive director) of the Company, with effect from April 30, 2025, due to health issues. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹359, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 43x in the Consumer Durables industry in India. Total returns to shareholders of 181% over the past three years. Announcement • Apr 01
Forbes & Company Limited (BSE:502865) agreed to acquire 50% stake in Forbes Macsa Pvt. Ltd. from MACSA ID, S.A. Forbes & Company Limited (BSE:502865) agreed to acquire 50% stake in Forbes Macsa Pvt. Ltd. from MACSA ID, S.A. on March 31, 2025. A cash consideration will be paid by Forbes & Company Limited. As part of consideration, an undisclosed value is paid towards common equity of Forbes Macsa Pvt. Ltd. Pursuant to this acquisition, Forbes Macsa Pvt. Ltd. shall become a wholly owned subsidiary of Forbes & Company Limited (BSE:502865).
For the period ending March 31, 2024, Forbes Macsa Pvt. Ltd. reported total revenue of INR 56.45 million. As of March 31, 2024, Forbes Macsa Pvt. Ltd. reported total common equity of INR 25.8 million.
The expected completion of the transaction is March 31, 2025. New Risk • Mar 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹3.61b market cap, or US$41.5m). Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹283, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 41x in the Consumer Durables industry in India. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹355, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 43x in the Consumer Durables industry in India. Total returns to shareholders of 158% over the past three years. Announcement • Feb 12
Forbes & Company Limited Announces Resignation of Ravinder Prem as Whole Time Director, Effective April 4, 2025 Forbes & Company Limited informed that Mr. Ravinder Prem has resigned from the position of Whole-time Director (Executive Director) of the Company, with effect from the close of business hours on April 4, 2025, due to change is personal and professional priorities for his future. The Board of Directors place on record its appreciation for the valuable contribution and guidance provided by Mr. Ravinder Prem during his association with the Company as a Whole-time Director (Executive Director). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹7.46 (vs ₹8.51 in 3Q 2024) Third quarter 2025 results: EPS: ₹7.46 (down from ₹8.51 in 3Q 2024). Revenue: ₹497.8m (down 31% from 3Q 2024). Net income: ₹95.0m (down 12% from 3Q 2024). Profit margin: 19% (up from 15% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Feb 04
Forbes & Company Limited to Report Q3, 2025 Results on Feb 11, 2025 Forbes & Company Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Reported Earnings • Oct 30
Second quarter 2025 earnings released: EPS: ₹4.04 (vs ₹5.67 in 2Q 2024) Second quarter 2025 results: EPS: ₹4.04 (down from ₹5.67 in 2Q 2024). Revenue: ₹371.6m (down 47% from 2Q 2024). Net income: ₹51.4m (down 29% from 2Q 2024). Profit margin: 14% (up from 10% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. New Risk • Oct 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.35b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.6% net profit margin). Market cap is less than US$100m (₹8.35b market cap, or US$99.3m). Announcement • Oct 21
Forbes & Company Limited to Report Q2, 2025 Results on Oct 28, 2024 Forbes & Company Limited announced that they will report Q2, 2025 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹769, the stock trades at a trailing P/E ratio of 75.8x. Average trailing P/E is 55x in the Consumer Durables industry in India. Total loss to shareholders of 49% over the past three years. Announcement • Aug 30
Forbes & Company Limited Appoints Paras Savla as an Independent Director Forbes & Company Limited at its AGM held on August 29, 2024, approved the appointment of Mr. Paras Savla (DIN: 00516639) as an Independent Director of the Company. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹653, the stock trades at a trailing P/E ratio of 64.4x. Average trailing P/E is 51x in the Consumer Durables industry in India. Total loss to shareholders of 36% over the past three years. Announcement • Aug 08
Forbes & Company Limited, Annual General Meeting, Aug 29, 2024 Forbes & Company Limited, Annual General Meeting, Aug 29, 2024, at 15:00 Indian Standard Time. Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: ₹4.15 (vs ₹12.46 in 1Q 2024) First quarter 2025 results: EPS: ₹4.15 (down from ₹12.46 in 1Q 2024). Revenue: ₹380.3m (down 64% from 1Q 2024). Net income: ₹52.8m (down 67% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Announcement • Jul 26
Forbes & Company Limited to Report Q1, 2025 Results on Aug 02, 2024 Forbes & Company Limited announced that they will report Q1, 2025 results on Aug 02, 2024 Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹14.86 (vs ₹150 in FY 2023) Full year 2024 results: EPS: ₹14.86 (down from ₹150 in FY 2023). Revenue: ₹1.26b (down 72% from FY 2023). Net income: ₹189.3m (down 90% from FY 2023). Profit margin: 15% (down from 43% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • May 24
Forbes & Company Limited to Report Q4, 2024 Results on May 29, 2024 Forbes & Company Limited announced that they will report Q4, 2024 results on May 29, 2024 Buy Or Sell Opportunity • Apr 25
Now 44% overvalued Over the last 90 days, the stock has fallen 9.5% to ₹724. The fair value is estimated to be ₹503, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 68% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹603, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 47x in the Consumer Durables industry in India. Total loss to shareholders of 61% over the past three years. Buy Or Sell Opportunity • Apr 24
Now 21% overvalued Over the last 90 days, the stock has fallen 25% to ₹603. The fair value is estimated to be ₹500, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 68% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹499, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 44x in the Consumer Durables industry in India. Total loss to shareholders of 71% over the past three years. Buy Or Sell Opportunity • Mar 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 47% to ₹400. The fair value is estimated to be ₹501, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 68% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 64% After last week's 64% share price decline to ₹467, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 45x in the Consumer Durables industry in India. Total loss to shareholders of 69% over the past three years. New Risk • Mar 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹6.59b (US$79.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹6.59b market cap, or US$79.6m). Announcement • Mar 01
Forbes & Company Limited Announces Resignation of Mahesh Tahilyani as Managing Director The Board of Directors of Forbes & Company Limited at their meeting held on February 29, 2024 has considered and approved the following matters: Mr. Mahesh Tahilyani, Managing Director of the Company will demit his office as Managing Director of the Company with effect from the close of business hours on March 31, 2024. He will continue on the Board of Directors of the Company as Non-Executive, Non-Independent Director with effect from April 1, 2024 and shall be liable to retire by rotation. Pursuant to the Order dated February 9, 2024 passed by Hon'ble Mumbai Bench of National Company Law Tribunal (NCLT), the Precision Tools business will be moving to Forbes Precision Tools and Machine Parts Limited (Resulting Company) under the said Scheme and it is therefore proposed that the management and administration of the Precision Tools business will be handled and taken forward by Mr. Mahesh C Tahilyani, the current Managing Director of the Company who will move to the new demerged entity. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹1,092, the stock trades at a trailing P/E ratio of 44.7x. Average trailing P/E is 49x in the Consumer Durables industry in India. Total loss to shareholders of 13% over the past three years. Reported Earnings • Jan 26
Third quarter 2024 earnings released: EPS: ₹8.51 (vs ₹3.20 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹8.51 (up from ₹3.20 loss in 3Q 2023). Revenue: ₹742.7m (down 28% from 3Q 2023). Net income: ₹108.3m (up ₹149.1m from 3Q 2023). Profit margin: 15% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Jan 25
Forbes & Company Limited Announces Executive Changes The Board of Directors of Forbes & Company Limited at its meeting held on January 25, 2024 announced that Ms. Rupa Khanna, Company Secretary and Compliance Officer of the Company will demit her office as the Company Secretary and Compliance Officer of the Company with effect from the close of business hours on, March 31, 2024 as step towards reorganizing of structure and roles of Key Managerial Personnels. The company approved the appointment of Mr. Pritesh Jhaveri as the Company Secretary and Compliance Officer of the Company and Key Managerial Personnel with effect from April 1, 2024. Mr. Pritesh Jhaveri is an Associate Member of the Institute of Company Secretaries of India and also holds Bachelor's Degree in Commerce and Bachelor's Degree in Law (LLB) from Mumbai University. He is having an overall experience of 9 years in the field of Secretarial & Legal. Announcement • Jan 19
Forbes & Company Limited to Report Nine Months, 2024 Results on Jan 25, 2024 Forbes & Company Limited announced that they will report nine months, 2024 results on Jan 25, 2024 New Risk • Dec 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹775, the stock trades at a trailing P/E ratio of 61x. Average trailing P/E is 47x in the Consumer Durables industry in India. Total loss to shareholders of 46% over the past three years. Reported Earnings • Nov 05
Second quarter 2024 earnings released Second quarter 2024 results: EPS: ₹5.67. Revenue: ₹735.6m (up 18% from 2Q 2023). Net income: ₹72.2m (down 87% from 2Q 2023). Profit margin: 9.8% (down from 87% in 2Q 2023). Announcement • Oct 28
Forbes & Company Limited to Report Q2, 2024 Results on Nov 03, 2023 Forbes & Company Limited announced that they will report Q2, 2024 results on Nov 03, 2023 New Risk • Aug 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.23b (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹8.23b market cap, or US$99.0m). Reported Earnings • Jul 20
Full year 2023 earnings released: EPS: ₹150 (vs ₹256 loss in FY 2022) Full year 2023 results: EPS: ₹150 (up from ₹256 loss in FY 2022). Revenue: ₹7.10b (up 38% from FY 2022). Net income: ₹1.91b (up ₹5.18b from FY 2022). Profit margin: 27% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • May 20
Forbes & Company Limited to Report Q4, 2023 Results on May 26, 2023 Forbes & Company Limited announced that they will report Q4, 2023 results on May 26, 2023 Reported Earnings • Feb 05
Third quarter 2023 earnings released: ₹3.20 loss per share (vs ₹8.67 loss in 3Q 2022) Third quarter 2023 results: ₹3.20 loss per share (improved from ₹8.67 loss in 3Q 2022). Revenue: ₹1.03b (down 85% from 3Q 2022). Net loss: ₹40.8m (loss narrowed 63% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Jan 26
Forbes & Company Limited to Report Q3, 2023 Results on Feb 02, 2023 Forbes & Company Limited announced that they will report Q3, 2023 results on Feb 02, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Nikhil Bhatia was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 02
Forbes & Company Limited to Report Q2, 2023 Results on Nov 03, 2022 Forbes & Company Limited announced that they will report Q2, 2023 results on Nov 03, 2022 Announcement • Sep 08
Forbes & Company Limited, Annual General Meeting, Sep 29, 2022 Forbes & Company Limited, Annual General Meeting, Sep 29, 2022, at 15:00 Indian Standard Time. Agenda: To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2022 together with the Report of the Board of Directors and the Auditors thereon; and the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2022 together with the Report of the Auditors thereon; to appoint a Director in place of Mr.Jai Mavani, who retires by rotation and being eligible, seeks re-appointment; and to discuss other matters. Reported Earnings • Aug 18
First quarter 2023 earnings released: EPS: ₹114 (vs ₹3.41 loss in 1Q 2022) First quarter 2023 results: EPS: ₹114 (up from ₹3.41 loss in 1Q 2022). Revenue: ₹3.30b (down 39% from 1Q 2022). Net income: ₹1.45b (up ₹1.50b from 1Q 2022). Profit margin: 44% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Jul 26
Forbes & Company Limited to Report Q1, 2023 Results on Aug 13, 2022 Forbes & Company Limited announced that they will report Q1, 2023 results on Aug 13, 2022 Reported Earnings • Jun 04
Full year 2022 earnings released: ₹256 loss per share (vs ₹54.24 loss in FY 2021) Full year 2022 results: ₹256 loss per share (down from ₹54.24 loss in FY 2021). Revenue: ₹5.15b (down 82% from FY 2021). Net loss: ₹3.26b (loss widened 373% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Nikhil Bhatia was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 21
Forbes & Company Limited to Report Q4, 2022 Results on May 30, 2022 Forbes & Company Limited announced that they will report Q4, 2022 results on May 30, 2022 Announcement • Feb 24
Sila Solutions Private Limited agreed to acquire Forbes Facility Services Private Limited from Forbes & Company Limited (BSE:502865) for INR 420 million. Sila Solutions Private Limited agreed to acquire Forbes Facility Services Private Limited from Forbes & Company Limited (BSE:502865) for INR 420 million on February 23, 2022. The transaction is subject to completion of conditions precedent as shall be set out in the definitive documents and is likely to be completed by Q1 of FY 2022-2023. The definitive agreements are expected to be executed by March 31, 2022. As on March 31, 2021, Forbes Facility Services Private Limited reported net income of INR 1529.3 million and revenue of INR 29.8 million. DAM Capital Advisors Ltd acted as financial advisor to Forbes & Company Limited. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹8.67 loss per share (up from ₹9.60 loss in 3Q 2021). Revenue: ₹7.06b (up 1.0% from 3Q 2021). Net loss: ₹110.4m (loss narrowed 9.7% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Buying Opportunity • Feb 10
Now 82% undervalued after recent price drop Over the last 90 days, the stock is down 92%. The fair value is estimated to be ₹2,392, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 66% over the last year. Announcement • Feb 09
Forbes & Company Limited to Report Q3, 2022 Results on Feb 14, 2022 Forbes & Company Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Reported Earnings • Nov 16
Second quarter 2022 earnings released: ₹39.03 loss per share (vs ₹3.82 loss in 2Q 2021) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₹7.71b (up 15% from 2Q 2021). Net loss: ₹496.9m (loss widened ₹448.2m from 2Q 2021). Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹3.41 loss per share (vs ₹36.11 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹5.45b (up 30% from 1Q 2021). Net loss: ₹43.4m (loss narrowed 91% from 1Q 2021). Reported Earnings • Jun 30
Full year 2021 earnings released: ₹54.24 loss per share (vs ₹255 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: ₹28.6b (up 3.7% from FY 2020). Net loss: ₹690.6m (loss narrowed 79% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 17
New 90-day low: ₹1,377 The company is down 8.0% from its price of ₹1,492 on 19 November 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 43% over the same period. Reported Earnings • Feb 17
Third quarter 2021 earnings released: ₹9.60 loss per share (vs ₹17.58 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were flat. Third quarter 2021 results: Revenue: ₹6.99b (flat on 3Q 2020). Net loss: ₹122.2m (loss narrowed 55% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 76% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • Jan 30
Forbes & Company Limited to Report Q3, 2021 Results on Feb 12, 2021 Forbes & Company Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Jan 05
New 90-day high: ₹1,683 The company is up 1.0% from its price of ₹1,674 on 07 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 31% over the same period. Announcement • Nov 04
Forbes & Company Limited to Report Q2, 2021 Results on Nov 13, 2020 Forbes & Company Limited announced that they will report Q2, 2021 results on Nov 13, 2020 Is New 90 Day High Low • Sep 25
New 90-day high: ₹1,636 The company is up 63% from its price of ₹1,001 on 26 June 2020. The Indian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 4.0% over the same period.